Cablevision Settles Shareholder Lawsuit

  • June 6, 2008
Cable company and broadband services provider Cablevision Systems Corp. Thursday announced a $34.4 million settlement of a shareholder lawsuit stemming from allegations that executives backdated options between 1997 and 2002.

Sixteen individuals will pay a total of $24.4 million and insurance will cover the rest.

--Wendy Davis

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